Capital amount 90000
Adjustment:
Provide 5% interest on capital. An additional capital of Rs10000 was introduced on 1st October,2017
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Answer:
Total Interest on capital is 4750.
Explanation:
Capital : 90000x 5/100 x 12/12
= 4500
(here interest is given for whole year. )
Interest on Additional Capital:
10000 x 5/100 x 6/12
= 250.
(here interest is given for 6 months
from 1st oct 17 to 31st march 18. )
Therefore Total Interest
= 4500+250
=4750.
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